StatPro Group PLC £1.5m StatPro Seven contract win (8765I)

TIDMSOG

RNS Number : 8765I

StatPro Group PLC

05 September 2016

5 September 2016

StatPro Group PLC

GBP1.5m StatPro Seven contract win with US-based top 10 global asset manager

StatPro Group plc, ("StatPro", "the Group", AIM: SOG), the cloud-based portfolio analysis and asset pricing services provider for the global asset management industry, has entered into a three-and-a-half-year contract with a US-headquartered top ten global asset manager for a minimum value of GBP1.5 million for its GIPS(R) ("Global Investment Performance Standards") Composites service.

Whilst StatPro is focused on converting its clients of StatPro Seven to StatPro Revolution, StatPro Composites continues to be a world-leading solution for GIPS(R) Composite regulations for asset managers.

StatPro Composites is used by over 100 asset managers around the world, including seven of the top ten managers by value of assets. StatPro intends to add composite functionality to StatPro Revolution and meanwhile continues to develop StatPro Composites in line with market regulations and requirements.

Justin Wheatley, Chief Executive, commented:

"This is an important win and a strong validation of our best-in-class solution: StatPro Composites.

"We have seen a strong increase in interest for StatPro Composites as asset managers look to replace in-house internal systems with a robust, scalable, hosted solution that can meet the ever-more complex regulatory requirements that asset managers face."

Enquiries:

 
  StatPro Group plc 
  Justin Wheatley, Chief         [phone] 
   Executive                      9876 
  Andrew Fabian, Finance 
   Director 
 
  Panmure Gordon - Nomad 
   and Broker 
  Corporate Finance - Freddy     [phone] 
   Crossley / Fred Walsh          2500 
  Corporate Broking - Tom 
   Salvesen 
 
  Instinctif Partners 
  Adrian Duffield / Lauren       [phone] 
   Foster                         2020 
 

About StatPro

StatPro is a global provider of award winning portfolio analytics solutions for the investment community. The Group's cloud-based platform provides vital analysis of portfolio performance, attribution, risk and compliance. This multi-asset class analytics platform helps StatPro's clients increase assets under management, improve client service, meet tough regulations and reduce costs.

The Group's integrated and global data coverage includes over 3.2 million securities such as equities, bonds, mutual funds, FX rates, futures, options, OTCs, sector classifications and much else besides. StatPro also covers most families of benchmarks including MSCI, FTSE, Russell, NASDAQ and the licence free Freedom Index.

StatPro has grown its Annualised Recurring Revenue from less than GBP1 million in 1999 to around GBP36 million at the end of June 2016. The Group has operations in Europe, North America, South Africa, Asia and Australia, with hundreds of clients in 37 countries around the world. Approximately 80% of recurring revenues are generated outside the UK. StatPro Group plc shares are listed on AIM.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 05, 2016 02:00 ET (06:00 GMT)